Atlanta, Georgia

Atlanta real estate values are more affordable than many other U.S. cities today

• In January 2017, the median purchase price of three bedroom single family homes in the Atlanta area was $152,000. This is 18.72% lower than the national average of $187,000 for three bedroom homes.
• In January 2017, the median purchase price in the neighborhoods where Real Wealth Network members invest was only $127,000. This is 16.63% more affordable than the the total metro area AND 32.24% more affordable than the national average.
• This shows us that real estate in Atlanta is more affordable than many cities across the nation. This is especially true in the neighborhoods where Real Wealth Network members are investing today.

In some Atlanta neighborhoods, it’s possible to generate stronger monthly income than the national average

• In January 2017, the median monthly rent of three bedroom homes in Atlanta was $1,241, which is 0.82% of the purchase price of $152,000. This is higher than the national price-to-rent ratio of 0.74%.
• In the neighborhoods where RWN members invest, three bedroom homes rent for a median $1,155 per month, which is 0.91% of the purchase price of $127,000.
• This shows us that it’s possible to generate passive monthly cash flow from Atlanta properties at a higher price-to-rent ratio than the national average.

Atlanta home values have been appreciating at a faster rate than the national average

• In January 2012, the median price of three bedroom homes in Atlanta was $99,000. Over the past five years (Jan. 2012 to Jan. 2017), three bedroom homes in Atlanta have appreciated by 53.85%.
• During the same period, three bedroom home values appreciated by only 28.97% nationwide.
• This shows us that Atlanta property values are appreciating at a higher rate than most U.S. cities today.

The median monthly rent for Atlanta homes is faster than the national average

• In the last five years, the median rent for three bedroom homes increased by 15.55% in the Atlanta metro. Nationally, rents only increased by 14.11% during this period.
• This shows us that Atlanta rental prices are also appreciating faster than most U.S. cities today.

Sources:

• https://www.zillow.com/atlanta-metro-ga_r394347/home-values/
• Real Wealth Network Local Affiliate Data

Atlanta’s population has been growing rapidly over the last several years

• Between January 2010 and January 2015, Atlanta’s population increased by 7.67%. During the same period, the national population grew by only 3.93%.
• This means that Atlanta is growing faster than many other real estate markets, which is a promising sign for investors interested in equity growth and future income potential.

Source:

• https://factfinder.census.gov/

• In the past year, Atlanta added 74,500 new jobs to their economy – an annual growth rate of 2.85%. This is higher than the U.S. annual job growth rate of 2.31%.
• Population growth and job growth are two positive indicators of a strong real estate market. The reason is that jobs attract people and people will always need a place to live. This creates an increased demand for housing, which is good news for landlords.

Source:

• http://www.deptofnumbers.com/employment/georgia/atlanta/

Atlanta is Very Affordable

• In the Atlanta neighborhoods where Real Wealth Network members invest, it’s possible to purchase R.E.A.L. turnkey property for 32.24% less than the national average.
• This shows us that three bedroom homes in Atlanta are significantly more affordable than the majority of cities across the nation today.

Atlanta is Cash Flowing

• In the neighborhoods where RWN members invest, three bedroom homes rent for just under 1% of the purchase price (0.91%), versus the national average of 0.74%.
• This shows us that investors can generate more monthly cash flow in Atlanta than most other U.S. cities today.

Atlanta is Appreciating

• In the last five years (Jan. 2012 to Jan. 2017), three bedroom homes in the Atlanta metro have increased in value by 53.85%, versus only 28.97% nationwide.
• This shows us that Atlanta offers investors a higher equity growth opportunity than most other U.S. cities today.

Atlanta is in Demand

• Atlanta is experiencing both population growth and job growth at a higher rate than the national average.
• Rents have also been rising at a higher rate than the nation for the last five years, so it seems like this is already creating an increased demand for housing.

Atlanta is Being Revitalized

• With more than $5 billion in private investments since the year 2000 and a proactive planning and community building team, Midtown Atlanta stands out as one of the nation’s great neighborhoods.
• With a huge amount of new development underway that will accommodate more than 8,000 new jobs (see “Bonus” section below), we can expect Atlanta’s population to continue to grow in the coming years. And this is good news for real estate investors.

[Bonus] 2017 Midtown Development

Last year, Midtown Atlanta received national recognition as a “Great Place to Live,” due to continued development and revitalization in the neighborhood. As we settle into 2017, it’s pretty likely that this growth isn’t slowing down anytime soon. Here are some notable projects in the works:

Coda: A massive development at Technology Square is underway. The 22-story tower and complex will feature 620,000 square feet of offices, a 100,000-square-foot computing center, and 46,500 square feet of retail space. The groundbreaking was held in December 2016 with hopes the building will be done in early 2019.

Colony Square: One of Midtown Atlanta’s original high-rise developments is getting a major update to include an Apple Store, upscale shopping, high-end restaurants, and eventually a second tower.

NCR Corporate Headquarters: NCR’s new two-tower corporate headquarters will include 750,000 square feet of office space. It’s anticipated to be completed in 2018.

The Fox Theatre: A new club and rooftop terrace are being added to the existing Fox Theatre. It will include multiple bars overlooking Peachtree Street and a posh Marquee Club.

Planning on visiting Atlanta before you invest? You should know it’s illegal to carry an ice cream cone in your back pocket on Sundays. But it’s totally cool to do it Monday through Saturday. Oh, and it’s also illegal to tie a giraffe to a lamp post.

Sources:

• https://factfinder.census.gov/
• https://www.bls.gov/regions/southeast/summary/blssummary_atlanta.pdf
• http://www.deptofnumbers.com/employment/georgia/atlanta/
• Real Wealth Network Affiliate Data